Honesty lmao

But the good news from two of the industry's top names hardly put investment banks in the clear, and their executives are learning to accept more openness in Wall Street's secretive culture.

"It is no longer OK to be in a black box," Lehman Chief Financial Officer Erin Callan told The Associated Press. "There will be a lot more honesty from us as an industry, and it is painfully obvious this will be the biggest change."

Translation: We got caught in a shitstorm so from now on we have to own up so we can continue our fleece job of the investing public.